EnCap Energy Capital Fund VI LP and EnCap Energy Capital Fund VI-B LP, investment funds managed by Houstonbased EnCap Investments LP, have acquired 3.6 million shares of GFI Oil & Gas Corp., Calgary, (CDNX: GFI) in a deal valued at C$2.9 million. The deal represents 2.21% of GFI’s outstanding shares. EnCap VI acquired 2.3 million shares (1.43%) and EnCap VI-B acquired 1.3 million shares (0.78%). EnCap Investments LP is the manager of EnCap VI and EnCap VI-B. GFI has core interests in two offshore fields under development; the 104,000- acre Bualuang oilfield offshore Thailand (60%) and a 35% nonoperated interest in the 83,000-acre Kambuna gas and condensates project offshore northern Sumatra, Indonesia.
Marketed: FX Energy Group 6-Well Package
2023-03-29 - FX Energy Group LLC retained EnergyNet for a 6-well package plus 2,042.46 Net HBP leasehold acres in Hartley and Oldham Counties, TX.
A&D Minute: International Players Take Interest in US Shale [WATCH]
2023-03-29 - Also in this week’s A&D Minute, Super Energy Services considers potential merger acquisitions and CorEnergy plans to sell two natural gas midstream systems.
Marketed: BASA PetroFund Management Non-operated East Texas Divestiture
2023-03-29 - BASA PetroFund Management, Ltd has retained RedOaks Energy Advisors as the exclusive advisor in connection with the sale of certain non-operated properties located in East Texas.
Energy A&D Transactions from the Week of March 29, 2023
2023-03-29 - Here’s a snapshot of recent energy deals, including Brookfield Renewable Partner's $10.3 billion deal to acquire Origin Energy's Australian assets and Crescent Energy Partners' $1.28 billion acquisition of Montney assets.
Marketed: Maverick Natural Resources Permian Basin Opportunity
2023-03-29 - Maverick Natural Resources LLC retained EnergyNet for a Permian Basin opportunity of Turner Gregory Unit and Ellett A-6 (Operations and ORRI) plus 3,292.09 Net HBP in Mitchell County, Texas.